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Showing posts from July, 2019

Buying a Car v/Hire a Cab:A superb Analysis

Buying a Car v/s *Hire a Cab*:A superb Analysis Any car  in india cost atleast *Rs 6,00,000* Scrap value after six year  -    *Rs 1,00,000* Net amount goes in effective Life of six year                          *Rs  5,00,000* Nos of days of six yr is *2200* days So *Rs. 5,00,000/2200*       = *Rs.   230*/day Yearly insu Rs 15000*       = *Rs   41*/day Daily petrol      minimum   = *Rs    100*/Day After every 3 yr tyre & Battery change charge *Rs 25,000*  i.e.                      = *Rs. 23*/day Yearly maintanance of Car *Rs 9000* i.e                    = *Rs  25*/day If driver employed ( bcas) Hire a cabe comes with a driver   =*Rs 300*/day Plus interest loss on Car buying amount *@8%* on *Rs 6,00,000           = Rs 131*/day                                            _______________ So total daily exp is After buying new car         = *Rs 850/*= per one day. So friends untill you pay *Rs 850* daily to hire a cab you are effectively in gain travelling in renta